SOLANA - SOL/USD - 1H - Technical analysis published on 01/01/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 192.14 USD
My targets
184.83 USD (-1.91%)
182.54 USD (-3.13%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SOLANA - SOL/USD as long as the price remains well below 192.14 USD. The sellers' bearish objective is set at 184.83 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 182.54 USD. In case of crossing, the next objective would be the support located at 158.12 USD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOLANA - SOL/USD rating is 188.43 USD. The price is lower by -0.27% since the last closing and was traded between 187.63 USD and 192.22 USD over the period. The price is currently at +0.43% from its lowest and -1.97% from its highest.187.63
192.22
188.43
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SOLANA - SOL/USD chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 182.54 | 184.83 | 187.75 | 188.43 | 192.14 | 194.28 | 198.90 |
| Change (%) | -3.13% | -1.91% | -0.36% | - | +1.97% | +3.10% | +5.56% |
| Change | -5.89 | -3.60 | -0.68 | - | +3.71 | +5.85 | +10.47 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 173.62 | 180.69 | 184.81 | 191.88 | 196.00 | 203.07 | 207.19 |
| Camarilla | 185.86 | 186.89 | 187.91 | 188.94 | 189.97 | 190.99 | 192.02 |
| Woodie | 172.16 | 179.95 | 183.35 | 191.14 | 194.54 | 202.33 | 205.73 |
| Fibonacci | 180.69 | 184.96 | 187.60 | 191.88 | 196.15 | 198.79 | 203.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 155.21 | 165.81 | 180.48 | 191.08 | 205.75 | 216.35 | 231.02 |
| Camarilla | 188.20 | 190.52 | 192.83 | 195.15 | 197.47 | 199.78 | 202.10 |
| Woodie | 157.25 | 166.83 | 182.52 | 192.10 | 207.79 | 217.37 | 233.06 |
| Fibonacci | 165.81 | 175.46 | 181.43 | 191.08 | 200.73 | 206.70 | 216.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88.42 | 131.79 | 160.36 | 203.73 | 232.30 | 275.67 | 304.24 |
| Camarilla | 169.16 | 175.75 | 182.35 | 188.94 | 195.54 | 202.13 | 208.72 |
| Woodie | 81.03 | 128.09 | 152.97 | 200.03 | 224.91 | 271.97 | 296.85 |
| Fibonacci | 131.79 | 159.27 | 176.25 | 203.73 | 231.21 | 248.19 | 275.67 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.45 | |
| MACD (12,26,9): | -0.9000 | |
| Directional Movement: | -7.31 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 189.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 193.04 | |
| Elder Ray (13): | -1.48 | |
| Super Trend (3,10): | 193.76 | |
| Zig ZAG (10): | 188.23 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 6.63 | |
| TEMA (21): | 188.85 | |
| Williams %R (14): | -98.74 | |
| Chande Momentum Oscillator (20): | -4.60 | |
| Repulse (5,40,3): | -1.2700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 5.52 |
| MA7: | 189.28 | |
| MA20: | 198.73 | |
| MA50: | 219.86 | |
| MA100: | 191.74 | |
| MAexp7: | 189.43 | |
| MAexp20: | 190.96 | |
| MAexp50: | 191.55 | |
| MAexp100: | 191.33 | |
| Price / MA7: | -0.45% | |
| Price / MA20: | -5.18% | |
| Price / MA50: | -14.30% | |
| Price / MA100: | -1.73% | |
| Price / MAexp7: | -0.53% | |
| Price / MAexp20: | -1.32% | |
| Price / MAexp50: | -1.63% | |
| Price / MAexp100: | -1.52% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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